Ukraine Approves Cryptocurrency Law

There has been a remarkable development in Ukraine, which has been under Russia’s unjust invasion attempt since the last days of February. President of Ukraine Volodymyr Zelensky, officially approved the crypto money law passed by the parliament in February. Thus, regarding the crypto money aid collected during the war, legal procedures have been opened. Let’s take a look at the details of this project together.

When we look at the bill signed by Volodymyr Zelenski, both Ukrainian and foreign companies are in the country. exchange that they can open and serve legally We see. Moreover, banks will be able to assist domestic and foreign exchanges in order to facilitate transactions. For investors there are no restrictions. Ukrainians will be able to trade cryptocurrencies with peace of mind.

Cannot be used as a payment method

The law, signed by the President and enacted, prohibits the use of cryptocurrencies as a payment method. in front of you does not open. In other words, Ukrainians will not be able to shop anywhere with crypto money investments. However, it must be said that this is not so important. Because the government is actively using the crypto money fundraising campaign that it started due to the war. Hundreds of millions of dollars in aid, stock markets converted into physical money is being used. As far as is known, the Ukrainian government helps soldiers and victims with crypto money donations collected from all over the world.

When we look at the details of the law, in fact, with this move, cryptocurrencies to be officially recognized is witnessing. Ukraine has started to use cryptocurrencies to protect its citizens in the extraordinary conditions it is in. This development is actually the world of cryptocurrencies. how important it is it reveals. Although the official currency of the country is not usable in this process, Ukrainians can continue to live through cryptocurrencies.